{"id":282,"date":"2016-02-17T17:05:07","date_gmt":"2016-02-17T09:05:07","guid":{"rendered":"http:\/\/www.pacificprime.hk\/blog\/?p=282"},"modified":"2018-02-26T11:59:58","modified_gmt":"2018-02-26T03:59:58","slug":"union-pay-limits-health-insurance-payments","status":"publish","type":"post","link":"https:\/\/www.pacificprime.hk\/blog\/union-pay-limits-health-insurance-payments\/","title":{"rendered":"Union Pay limits health insurance payments"},"content":{"rendered":"

For many countries, 2015 was not the best year financial wise. Countries like China, for example, saw near constant losses in stock markets with trading being canceled on numerous occasions in the latter half of the year. Combine this with moves by the government to devalue the Yuan, as well as favorable business and currency conditions in other countries, and it becomes clear that investors in China are not overly confident in the economy at this time. This has been backed up by massive capital outflow from the country. For example, <\/span>Bloomberg<\/span><\/a> recently reported that, “China has seen nearly $1 trillion in capital leave the nation since the second quarter of 2014, and according to analysts at JPMorgan Chase, the sky’s the limit for outflows going forward.”<\/span><\/p>\n

While this is certainly a worry for investors in China, this massive outflow of capital has had a direct run-on effect that has been felt in other industries including the health insurance industry here in Hong Kong. Simply put, this outflow has created an interesting situation that people in China who are considering purchasing health insurance in Hong Kong need to be aware of. Let’s take a look at the impact this outflow is having on the health insurance industry in Hong Kong, what the Chinese government is doing about it, and what this means for companies and individuals considering purchasing health insurance in the city when it comes to health insurance payments.<\/span><\/p>\n